Sales

Catalog description

Required Course: Upper Division Students Required: Fall or Spring semester of the final year Course Requirement: exam The course provides an introduction to the Uniform Commercial Code (UCC) with a concentration on the Sales Article, Article 2. Related statutes such as the United Nations Convention on Contracts for the International Sale of Goods (CCISG) and the Uniform Electronic Transactions Act are also introduced. The course analyzes express and implied warranties, the cumulation and conflict of warranties and the disclaimer of warranties as well as limitations of remedy and failure of essential purpose. Rejection, acceptance and revocation of acceptance are carefully explored along with prospective nonperformance and adequate assurances of performance. The coverage of risk allocation includes risk of loss, the concept of Identification and casualty to identified goods, commercial impracticability and excusable nonperformance. The last portion of the course is devoted to a detailed analysis of buyer and seller remedies under the UCC with particular attention to a clear understanding of direct, incidental and consequential damages. Throughout the course CISG applications are identified when they differ substantially from UCC applications.